PrimeLending Launches 1Day AdvantEDGE: A Game-Changing 24-Hour Mortgage Approval Process

Rhea-AI Summary

PrimeLending introduces 1Day AdvantEDGE, a streamlined mortgage credit approval process that provides approval within 24 hours and a $250 lender credit at closing.

Positive

• Customers can now receive mortgage credit approval within 24 hours with 1Day AdvantEDGE.
• Customers receive a $250 lender credit at closing with 1Day AdvantEDGE.
• The innovative process simplifies and expedites the mortgage application process.

Negative

• None.

DALLAS--(BUSINESS WIRE)-- PrimeLending, a PlainsCapital Company (PrimeLending), a leading national home loan provider, is thrilled to introduce 1Day AdvantEDGE¹, a streamlined mortgage credit approval² process that provides a significant advantage in today's competitive market. With 1Day AdvantEDGE, customers can now receive credit mortgage approval² within a remarkable 24 hours, accompanied by a $250 lender credit³ at closing.

This innovative process simplifies and expedites the mortgage application process. Once customers complete the online application and provide the required documentation, their application undergoes a seamless automated data verification process. Within 24 hours, customers receive their approval letter, enabling them to proceed confidently with their home purchase.

"1Day AdvantEDGE represents a significant leap forward in the mortgage industry,” said Tim Elkins, PrimeLending’s Chief Production Officer. “We are proud to provide our customers with a simplified and accelerated approval process that gives them a real advantage in today's competitive market."

This latest initiative underscores PrimeLending’s commitment to meeting the evolving needs of homebuyers. By responding to market demands and leveraging advanced technology, PrimeLending continues to empower customers on their homeownership journey.

To learn more about 1Day AdvantEDGE and how it can benefit your homebuying experience, visit the PrimeLending website or contact a PrimeLending loan officer today.

ABOUT PRIMELENDING

PrimeLending is a national home lender combining personal guidance and local expertise with fast service, more choices and the flexibility to meet homeowners’ unique needs. PrimeLending is focused on empowering its customers to pursue their homeownership goals, whether they’re looking to buy, refinance, renovate or build a home. The PrimeLending team works alongside our customers in all 50 states, helping them make home financing decisions and have a rewarding experience along the way. Delivering on this promise for more than 35 years, we’re proud to consistently earn a 96% customer satisfaction rating⁴. PrimeLending is a wholly owned subsidiary of PlainsCapital Bank, which in turn is a wholly owned subsidiary of Hilltop Holdings Inc. (NYSE: HTH). More information at PrimeLending.com. Equal Housing Lender. All loans subject to credit approval. Rates and fees subject to change.

¹Restrictions apply. All loans subject to credit approval. Borrower may not own other real estate or rely on self-employment to qualify (W-2 or verified fixed income only). Limited to conventional/conforming loan for purchase of primary residence with a 20% down payment. Must submit application and required documentation via online application portal and integrated resources and receive approve/eligible or accept from automated underwriting system. Refinance, investment, VA, FHA, USDA, jumbo, bond, down payment assistance programs, renovation, construction, and brokered out loans are not eligible. Will be subject to property meeting investor requirements. Eligible applications submitted after 1pm local time or on a weekend or company holiday will be deemed submitted the next business day. Unforeseen circumstances excuses lender’s performance. Effective for applications after 7/11/23. Rates, fees, and offer terms subject to change. See https://www.primelending.com/legal-disclosures/1day-advantedge-terms-and-conditions for full details.

²Approval indicates an Underwriter has reviewed your application and has verified all necessary forms of income, assets, and credit; final approval is subject to property conditions (e.g., inspection, appraisal) and is voided by changes in borrower’s credit, loan program, or unforeseen circumstances beyond lender’s control.

³$250 lender credit will be applied at closing to offset lender closing costs. No cash value. May not be combined with other offers

⁴Survey administered and managed by an independent third-party following loan closing. 96% satisfaction rating refers to the average rating our customers have given our loan officers for the period 01/01/22-12/31/22.

©2023 PrimeLending, a PlainsCapital Company (PrimeLending). (NMLS: 13649) Equal Housing Lender.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20230711503643/en/

Mandy Jordan

mjordan@primelending.com

972/852-8235

Source: PrimeLending

FAQ

What is 1Day AdvantEDGE?

1Day AdvantEDGE is a streamlined mortgage credit approval process that provides approval within 24 hours and a $250 lender credit at closing.

How long does it take to receive mortgage credit approval with 1Day AdvantEDGE?

Customers can receive mortgage credit approval within 24 hours with 1Day AdvantEDGE.

What is the benefit of 1Day AdvantEDGE?

1Day AdvantEDGE simplifies and expedites the mortgage application process and provides a $250 lender credit at closing.